Report: Omnichannel Spend On Rise Amidst Luxury Shoppers

Luxury shoppers are increasingly turning to omnichannel shopping methods to make high-end purchases, according to a Luxury Daily report.

Citing a presentation based on American Express Business Insights, the outlet reports that 16 percent of U.S. luxury consumers are omnichannel shoppers, while 60 percent shop in-store only. However, the 45 percent of total spend comes from omnichannel, while 49 percent comes visa in-store purchases.

This is because 62 percent of omnichannel luxury spend goes towards “premium luxury,” while just 38 percent is spent on “accessible luxury.”

Read the full story here.

Click to comment